China's Exports Slumps to a 2-Year low in April as Lockdowns Bite
China’s exports and imports struggled in April as worsening Covid outbreaks cut demand, undermined production and disrupted logistics in the world’s second-largest economy. Export growth in April in dollar terms [...]
Air France KLM Posts €552 Million Net Loss in Q1 2022
Air France KLM has posted a net loss of €552 million for the first quarter of 2021, one-third of the €1.5 billion loss reported during the same period last year. [...]
Elon Musk to Serve as Temporary Twitter CEO after Takeover Completion
Elon Musk is expected to serve as Twitter's temporary CEO for a few months once he completes his $44 billion takeover of the company Last month, Twitter accepted an offer [...]Bank of England Hikes Interest Rates to 1%, a 13-Year High
The Bank of England has hiked interest rates from 0.75% to 1%, the highest since the financial crisis in 2009. The Bank further forecast inflation will climb above 10% in [...]Crypto Exchange Binance Wins Regulatory Approval in France
Crypto exchange, Binance, has won regulatory approval in France, allowing it to operate its cryptocurrency exchange in France. The approval makes France the first major European nation to give Binance [...]KQ Signs Codeshare Agreement with US' JetBlue Airline
Kenya Airways (KQ) has signed a codeshare agreement with JetBlue airline, allowing Kenyans living in Minnesota to fly nonstop to Nairobi. The move comes as a boost to the carrier [...]Coca Cola Postpones its $3 Billion IPO to Q3 2022
Coca Cola has postponed its estimated $3 billion initial public offering (IPO) for its African bottling to the third quarter of this year, after market turmoil linked to the war [...]Qantas to Launch World's Longest Non-Stop Commercial Flight in 2025
Qantas has announced plans to launch the world’s longest non-stop commercial flight, with passengers set to spend 19 hours from Sydney to London by the end of 2025. To operate [...]European Union Plans to Court African Countries to Replace Rusian Gas Imports.
The European Union is seeking to step up cooperation with African countries to help replace imports of Russian natural gas and reduce dependence on Moscow by almost two-thirds this year. [...]Meta Shares Surge after Facebook Releases better-than-expected Quarterly Earnings
Meta Platforms Inc (FB.O) shares climbed on Wednesday as Facebook's quarterly results reported that daily active users were above Wall Street estimates, despite Meta recording its slowest revenue growth in a decade. [...]Palm Oil Jumps 10% as Indonesia Expands Export Ban
Palm oil jumped 10% while rival soybean oil hit a fresh record high as traders prepare for the start of Indonesia’s export halt. Malaysia, the world’s second-biggest producer, is set [...]US Markets Earnings Report
The US stock markets closed Wednesday's session mostly higher as investors keenly followed the release of corporate earnings reports. Facebook owner Meta Platforms released its first-quarter earnings results after-hours trading. [...]
